Kyverna Therapeutics, short under management for 6 weeks
Kyverna Therapeutics drops 12.2%: the short is back near breakeven after six weeks
Kyverna Therapeutics, short under management for 6 weeks
Our view last week
Kyverna Therapeutics' weekly technical picture shows a 4.6% drop, after three weeks of gains had chipped away at the sell signal under management. The price found a double bottom in the 7.6 area and rebounded 8%, but sellers took back control into the close, with more than 90% of the week's volume on the sell side. The short remains down 13.6% since entry, squeezed between the 8.55 area and the 8.42 area.
This week's summary
Kyverna Therapeutics' sell signal has teeth again: after last week's bounce, the week just closed shed 12.2%, with 80% of volume back on the sell side and money flow sinking deeply negative once more. The daily chart still carved out a double bottom in the 7.3 area, with an intermediate 43% rebound before sellers took back control. The short, under pressure last week, is back near breakeven.
IQS Phase
76
in tension
Signal Strength
51
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#63 / 140
US stocks
Trade P&L %
+0.27%
from signal to today
restricted Platinum content